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Goodwill and Intangible Assets (Tables)
6 Months Ended
Aug. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Carrying Amount and Accumulated Amortization of Intangible Assets

The carrying amount and accumulated amortization of the Company’s intangible assets at each balance sheet date are as follows (in thousands):

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

Remaining

 

 

Gross

 

 

 

 

 

 

 

 

 

Life

 

 

Carrying

 

 

Accumulated

 

 

 

 

As of August 31, 2021

 

(in years)

 

 

Amount

 

 

Amortization

 

 

Net

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

 

11.4

 

 

$

28,107

 

 

$

9,313

 

 

$

18,794

 

Customer lists

 

 

6.4

 

 

 

76,424

 

 

 

45,695

 

 

 

30,729

 

Non-compete

 

 

3.5

 

 

 

877

 

 

 

744

 

 

 

133

 

Patent

 

 

 

 

 

783

 

 

 

783

 

 

 

 

Total

 

 

8.3

 

 

$

106,191

 

 

$

56,535

 

 

$

49,656

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of February 28, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

 

11.9

 

 

$

27,561

 

 

$

8,194

 

 

$

19,367

 

Customer lists

 

 

6.8

 

 

 

75,862

 

 

 

42,726

 

 

 

33,136

 

Non-compete

 

 

3.1

 

 

 

877

 

 

 

668

 

 

 

209

 

Patent

 

 

 

 

 

783

 

 

 

783

 

 

 

 

Total

 

 

8.7

 

 

$

105,083

 

 

$

52,371

 

 

$

52,712

 

Estimated Amortization Expense

The Company’s estimated amortization expense for the current and next four fiscal years is as follows (in thousands):

 

2022

 

$

8,077

 

2023

 

 

7,052

 

2024

 

 

7,010

 

2025

 

 

6,835

 

2026

 

 

6,221

 

Changes in Net Carrying Amount of Goodwill

Changes in the net carrying amount of goodwill as of the dates indicated are as follows (in thousands):

 

Balance as of March 1, 2020

 

$

82,527

 

Goodwill acquired

 

 

6,120

 

Balance as of February 28, 2021

 

 

88,647

 

Goodwill acquired

 

 

14

 

Balance as of August 31, 2021

 

$

88,661